Egger, Peter; Francois, Joseph; Nelson, Douglas R. (2015). The Role of Goods Trade Networks for Services Trade Volume. The World Economy, 40(3), pp. 532-543. Wiley & Sons 10.1111/twec.12331
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The Role of Goods Trade Networks.pdf - Accepted Version Available under License Publisher holds Copyright. This is the peer reviewed version of the following article: "The Role of Goods Trade Networks for Services Trade Volume" , which has been published in final form at 10.1111/twec.12331. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving. Download (290kB) | Preview |
In this paper, we address the role of countries’ goods-trade networks for their services-trade volume. The paper employs a large cross section of bilateral trade data on aggregate cross-border goods and services sales and illustrates that the depth and overlap of two countries’ services networks induce a positive direct impact on their services-trade volume. The evidence takes into account that goods trade flows and networks are potentially endogenous so that the estimated direct effects support a causal interpretation. We find that the magnitude of the multilateral goods-trade network effect on the bilateral services-trade volume is much larger than that of bilateral goods-trade volume.
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